Finance

Most people set out to buy Christmas presents with the best intentions.  It is very easy to get sucked in to overspending during the holidays.  Many of the pitfalls in this area are completely avoidable if you arm yourself with the right information.  It is essential to have a spending plan for this time of year.  It is not too late to sit down and create a plan to make sure that January is...

We all know that bankruptcy is a legal proceeding where an individual fails to meet their debts. Recently, bankruptcy in the US has taken a serious toll. In fact, the country has seen a considerable increase for a long time now. Now, many people wonder about the primary reasons behind bankruptcy. While there could be many reasons, some of them are pretty common. If you want to know the main...

Divorce means suffering both emotionally and financially. Besides heartbreak, your money gets divided too. Funds contributed to the 401 (K) account tend to get divided between the couple after a divorce. For example, if you have contributed around $100,000 to the retirement plan, your spouse will own 50% of it after divorce. The amount that your ex gets varies from state to state. However,...

If you struggle to pay your monthly loan obligations due to some financial instability, don’t worry about losing assets. Instead, you can apply to various types of loan modifications.  Fortunately, loan modifications like a decrease in interest rate, extended repayment term, or alterations in loan agreement can help you a lot.  Let’s discuss different types and things you need to know about...